Asian share markets rose as investors welcomed constructive US–China discussions on trade and artificial intelligence ahead of a Trump–Xi summit in Washington on Thursday. Technology stocks led gains, while oil prices fell on hopes that Saudi Arabia could restore disrupted crude shipments quickly. Markets remain cautious, however, with analysts looking for signs that both sides can avoid renewed trade tensions rather than expecting a comprehensive agreement.

Hong Kong’s Hang Seng gained 0.88%, South Korea’s Kospi rose 2% and China’s CSI 300 increased 0.6%; Tokyo’s market was closed for a public holiday. Brent crude fell just over 2% to $101.80 a barrel, although it remained well above its pre-Iran war level of about $72. US Treasury Secretary Scott Bessent said Washington and Beijing had discussed creating a formal “US-China AI dialogue”, while Nvidia chief Jensen Huang dismissed predictions that AI could cause humanity’s extinction by 2030. Tensions also remain high in the Middle East amid warnings of possible renewed US attacks on Iran.